SPAC Services

Leading SPAC Practice

B. Riley Securities is an established, top small-cap special purpose acquisition company ("SPAC") practice. Our dedicated SPAC team has a strong track record, having completed numerous SPAC IPOs, SPAC business combinations and PIPE (Private Investment in Public Equity) deals. Our team plays a critical role in the evaluation and analysis of these investments, always putting our clients' interests first throughout the process. Despite the unprecedented SPAC volume in the last year, we remain steadfast in our selective approach to long-term, quality partnerships, from initial target identification all the way through to successful business combinations. Through this selective approach, all of our underwritten SPACs have successfully completed an initial business combination.

B. Riley Securities' diversified and dynamic platform well equips us to successfully advise, structure, and execute initial business combinations across a diverse array of industries. Each of our clients have access to our full-service investment banking practice's deep expertise and advisory capabilities within a variety of industry verticals, as well as our 70+ sales and trading professional's 1,000+ network of covered investor relationships that are leveraged to help support our client's deals. Our transaction experience and access to SPAC targets through our extensive network enable us to provide a unique investment vehicle for private companies seeking to raise capital. Through its decades of expertise in helping small and mid-cap companies successfully navigate through public markets, B. Riley Securities is uniquely positioned to help private businesses realize the benefits of having a publicly traded currency.

2021 Highlights

2021 Highlights

  • The M&A Atlas Awards 2021 SPAC Investment Bank of the Year
  • 26 closed SPAC transactions
  • 6 closed business combinations serving as advisor, totaling $5.1 billion in transaction value
  • 5 PIPE transactions raising a total of $637.7 million of PIPE capital
  • 15 SPAC IPOs raising $2.4 billion(1)
        • Of which 11 we served as sole or lead bookrunner raising $2.2 billion



        (1) Weighted on $ raised attributed to respective bank economics on transaction.

November 2021

$143,750,000

Seaport

IPO

Sole Bookrunner

November 2021

$230,000,000

AltEnergy

IPO

Common Stock

Sole Bookrunner

October 2021

Seaport

consummated business combination with

Redbox

Capital Markets Advisor

October 2021

$205,000,000

Spartacus

consummated business combination with

NextNav

PIPE

Placement Agent

October 2021

$50,000,000

logo

Lead Placement Agent

logo, company name

October 2021

Spartacus

consummated business combination with

NextNav

Capital Markets Advisor

October 2021

Trident

consummated business combination with

Lottery

Capital Markets &

Financial Advisor

September 2021

$143,750,000

Parabellum

IPO

Sole Bookrunner

August 2021

software acquisition group

consummated business combination with

Otonomo

Capital Markets Advisor

August 2021

$172,500,000

software acquisition group

Sole Placement

Agent

May 2021

$230,000,000

osiris acquisition corp

IPO

Co-Manager

February 2021

$172,500,000

B. Riley Principal Merger Corp

IPO

Sole Bookrunner

February 2021

$1,380,000,000

churchill

IPO

Co-Manager

February 2021

$552,000,000

Churchill

IPO

Co-Manager

January 2021

$276,000,000

Edify

IPO

Joint Bookrunner

January 2021

$35,000,000

LF Capital
Landsea Homes

Placement Agent

January 2021

LF Capital

consummated business combination with

Landsea

Financial Advisor

December 2020

$500,000,000

churchill

IPO

Co-Manager

November 2020

$231,560,000

Roman DBDR Tech

IPO

Sole Bookrunner

November 2020

$143,750,000

Seaport

IPO

Sole Bookrunner

October 2020

$200,000,000

Spartacus

IPO

Sole Bookrunner

October 2020

$25,000,000

a blue sign with white text

Sole Placement Agent

logo, company name

September 2020

$172,500,000

Software Acquisition Group

IPO

Sole Bookrunner

May 2020

$175,000,000

B. Riley Principal Merger Corp

IPO

Sole Bookrunner

February 2020

B Riley

consummated business combination with

Alta

Capital Markets Advisor

February 2020

$35,000,000

B.Riley Principal Merger Corp

PIPE

Sole Placement Agent

November 2019

Trinity

consummated business combination with

Broadmark

Capital Markets Advisor

November 2019

$75,000,000

Trinity
Broadmark

Sole Placement Agent

November 2019

$149,500,000

Software Acquisition Group

IPO

Sole Bookrunner

August 2019

$253,000,000

Netfin Acquisition

IPO

Sole Bookrunner

July 2019

$690,000,000

Churchill Capital

IPO

Co-Manager

April 2019

$143,750,000

B. Riley

IPO

Sole Bookrunner

December 2018

Industrea

consummated business combination with

concrete pumping holdings

Capital Markets Advisor

December 2018

$96,900,000

logo
logo

Sole Placement Agent

September 2018

$690,000,000

Churchill

IPO

Co-Manager

June 2018

$155,250,000

LF Capital

IPO

Bookrunner

May 2018

$345,000,000

Trinity

IPO

Sole Bookrunner

January 2018

$125,000,000

Gordon Pointe

IPO

Sole Bookrunner

July 2017

$230,000,000

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IPO

Sole Bookrunner

June 2017

$115,000,000

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IPO

Joint Bookrunner

April 2017

$172,500,000

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IPO

Co-Manager

(1) Weighted on $ raised attributed to respective bank economics on transaction.

Information presented for illustration purposes only and does not represent a recommendation, solicitation or offer to buy or sell any security. Past performance is not indicative of future performance.

KEY CONTACTS

Jonathan Mitchell, Sr. Managing Director

jmitchell@brileyfin.com

(212) 409-2434

Biography Included Below

Alexandra Shaffer, Vice President

ashaffer@brileyfin.com

(703) 312-9670

Angelina Eremina-German, Vice President

aeremina@brileyfin.com

(646) 556-9193


Christopher Gerham, Associate

cgerham@brileyfin.com

(646) 885-5426

Biography

Jonathan Mitchell is Senior Managing Director in B. Riley Securities' Investment Banking Group, where he leads the firm's SPAC practice. In 2015, Mr. Mitchell's former firm, MK Capital Advisors, merged with B. Riley & Co., LLC, later becoming B. Riley Capital Management, LLC. During his tenure at B. Riley & Co., Mr. Mitchell completed numerous SPAC IPO's and SPAC business combinations, in addition to advising on M&A and capital raising mandates. Mr. Mitchell also co-created the B. Riley SPAC Opportunity Fund, which is a dedicated SPAC investment fund that deploys capital in both SPAC IPOs and SPAC business combinations

During his time at MK Capital Advisors, Mr. Mitchell was an SEC Registered Investment Advisor who provided wealth management services to high net worth individuals and small institutions. Additionally, Mr. Mitchell served as an advisor to the MKCA Opportunity Fund, which is a fund-of-funds

Prior to MK Capital Advisors, Mr. Mitchell was the Equities Manager at Cullen Investments. Mr. Mitchell helped Cullen invest primarily in U.S. listed SPACs, during which Cullen Investments was one of the most active SPAC investors, having invested in more than 100 SPACs, with Mr. Mitchell playing a critical role in the evaluations, analysis and selection of these investments. Prior to his time at Cullen Investments, Mr. Mitchell served as the Founder and Chief Executive Officer of Pacific Capital Partners, a global investment company and private investment vehicle

Mr. Mitchell began his career at JP Morgan. Mr. Mitchell previously served on the Advisory Board for Lepe Partners LLP and GSV Capital In addition, Mr. Mitchell served on the Board of Directors for a Nasdaq-listed SPAC, which was sponsored by former Barclays and Citigroup executives

Mr. Mitchell holds a B.A. from the Bristol Business School